CAPREIT Deploys $293 Million Into Strategic Acquisitions

Executive Summary

• CAPREIT closed on six rental property acquisitions in Canada for a total gross consideration of $292.5 million.
• The company has deployed approximately $94.0 million into its Normal Course Issuer Bid (NCIB) program since the end of Q3 2025.
• Acquisitions add roughly 887 residential suites across Quebec, Saskatchewan, British Columbia and Victoria, expanding CAPREIT’s portfolio to ~45,000 suites.

Key Details

• Laval, Québec acquisition: 2‑building complex with 436 suites, purchased for $178.0 million; assumed mortgage $29.5 million at 3.3% interest, ~7.2 years remaining.
• Regina, Saskatchewan acquisition: 3 buildings totaling 187 suites, purchase price $41.0 million; assumed mortgage $17.6 million at weighted‑average 2.9% interest, ~3.8 years remaining.
• Vancouver, BC acquisition: New‑build property with 51 suites, purchased for $35.0 million; assumed mortgage $27.2 million at 3.2% interest, ~5.0 years remaining.
• Vintage properties (BC & Victoria):
• 35‑suite building in Mount Pleasant, Vancouver – part of a combined $38.5 million gross consideration for three vintage assets.
• Two properties in James Bay, Victoria totaling 98 suites, included in the same $38.5 million purchase.
• Assumed aggregate mortgage $12.6 million at weighted‑average 2.1% interest, ~4.1 years remaining.
• Total acquisition volume for 2025: $659 million (including prior acquisitions not detailed in this release).
• NCIB deployment: Approximately $94 million invested since end of Q3 2025 at a mid‑5% cap rate.
• Financing terms of assumed mortgages: Interest rates range from 2.1% to 3.3%; remaining maturities between ~3.8 and 7.2 years.

Notable Quotes

• “These transactions bring our 2025 acquisition volume to a total of $659 million in highly strategic, primely located assets… strengthening the quality and cash‑flow performance of our irreplaceable rental apartment portfolio in Canada.” – Mark Kenney, President & CEO
• “The latest acquisitions were purchased at a high‑4% weighted average cap rate… we’ve deployed capital into our NCIB program at a mid‑5% cap rate.” – Julian Schonfeldt, Chief Investment Officer